Nope, it’s not a typo! Cedar Point can help you drop some excess rate this holiday season. For one week only, we have an auto loan deal you won’t want to miss.
We know that when you’re in the market for a vehicle, many people choose to finance at the dealership because it is convenient. But that convenience can end up costing hundreds or even thousands of dollars over the life of the loan because of the high interest rate.
Did you know that by refinancing with Cedar Point, you can save money, and we may be able to reduce your monthly payment?
Let’s start with the basics. What is refinancing? In a nutshell, you’re paying off your old loan and taking out a new loan with new terms. Refinancing can lower your monthly payment and save you interest expense. In many cases, you also have the opportunity to extend the life of the loan to reduce your monthly payment even more. This is how Cedar Point can help you save. Even better, we are dropping our auto rates for one week, from Nov. 27 though Dec. 4, 2020.
Beginning on Friday, Nov. 27, and lasting for one week only, Cedar Point will reduce new and used auto loan* rates by one full percentage point for new online and in-person auto loan applications. That’s huge! Whatever low rate you and your vehicle would normally qualify for will be further reduced by a full 1.00% during the promotional period. For example, if you qualify for our lowest new car rate at 2.65% APR, we’ll lock you in at an actual rate of 1.65% APR for the life of the loan! After you apply, your new rate will be valid for 30 days. This allows you plenty of time to shop for that perfect car. If you refinance with Cedar Point, we can help you pay off your old loan and get you on the road to greater savings.
What’s even better? You don’t have to have an existing relationship with Cedar Point to take advantage of the savings. You simply need to live, work, worship, go to school in, or regularly conduct business in St. Mary’s, Calvert, or Charles Counties. Government and/or military affiliation is not required to do business with Cedar Point. Please stop in to see us or learn more at www.cpfcu.com/membership.
Visit any branch or apply online Nov. 27 – Dec. 4 to take advantage of this limited-time special offer. These special rates are available for the purchase of new and used autos and for refinancing auto loans which are not already financed through Cedar Point. Visit any of our five branch locations in Lexington Park, Leonardtown, Charlotte Hall, and Prince Frederick.
*This offer applies to auto loans only on vehicles up to 10 years of age. APR = Annual Percentage Rate. Limitations Apply. Rates accurate only 11.27.20 – 12.4.20.